Key players are Schlumberger Limited (U.S.), Baker Hughes Inc. (U.S.),Halliburton (U.S.), Weatherford International ltd. (Ireland), SGS SA (Switzerland).
(PRWEB) February 03, 2015
The report published by MarketsandMarkets analyzes the global Reservoir Analysis Market and estimates the future growth trends for the industry across various parts of the world.
Browse 73 market data tables and 65 figures spread through 181 pages and in depth TOC on Reservoir Analysis Market
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MarketsandMarkets estimates the reservoir analysis market to grow at an estimated CAGR of 10.6% from 2014 to reach $22,432 million by 2019. According to their report, North America, Middle East and Asia-Pacific are the three large markets for reservoir analysis and are expected to maintain their positions during the next five years.
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As per the report, the North American market is dominated by the data acquisition &monitoring services. These segments captured more than 45% of the total reservoir analysis market in 2013. This segment is followed by reservoir simulation, geo-modeling and Reservoir sampling services.
According to the report, the reservoir analysis market is driven by rising demand for energy across different parts of the world. Apart from that, need to maximize the hydrocarbon recovery and continuous developments in new fields are also projected to drive the industry growth.
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The report profiles some of the leading players in the global reservoir analysis market. These players include Schlumberger Limited (U.S.), Baker Hughes Inc. (U.S.), Halliburton (U.S.), Weatherford International ltd. (Ireland), SGS SA (Switzerland), CGG SA (France), Roxar software solutions AS (Norway), ALS Oil & Gas (Australia), Core Laboratories (U.S.) Expro Group (U.K.), Geokinetices (U.S.), Intertek (U.K.), Paradigm(U.S.), Tracerco (U.K.) and Trican Well Service Limited (Canada). The top four companies in the market including Schlumberger Limited (U.S.), Halliburton (U.S.), Baker Hughes Inc. (U.S.) and Weatherford International ltd occupied more than 80% of the overall shares in the industry.
Based on geographic regions, MarketsandMarkets estimates North America to remain the largest segment in terms of value. It is followed by Middle East. Asia- Pacific is expected to grow at a high CAGR as well.
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